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Section 10B of the Income-tax Act, 1961 - Export oriented undertaking - Whether provisions of section 10B(5) are directory and not mandatory - Held, yes CASE REFERRED TO CIT v. Contimeters Electricals (P.) Ltd. [IT Appeal No. 1366 of 2008, dated 2-12-2008] [Para 2]. Ms. Prem Lata Bansal, Sanjeev Rajpal, M.P. Gupta and Ms. Anshul Sharma for the Appellant.K.R. Manjani for the Respondent. JUDGMENT Badar Durrez Ahmed, J. - In the present appeal the appellant seeks to raise the question of interpretation with regard to the provisions of section 10B(5) of the Income-tax Act, 1961 (hereinafter referred to as the 'said Act'). The said provision is virtually identical to the provisions of section 80-IA(7) as also 80HHB(3)(ia). It is also identical to the erstwhile provisions of section 80J(6A) of the said Act. 2. This Court has already interpreted the latter provisions and has held the same to be directory and not mandatory. The contention of the revenue was…

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